Rubber prices to see technical correction

Malaysian rubber prices are expected to ease on technical correction next week, dealers said.
A dealer said although the market may trade lower, it was still healthy.
"Although the current rubber production is tight, traders will adopt a wait-and-see attitude in anticipation of a fall," he said.
He said the Tokyo rubber futures, which were expected to rebound after prices finished above the key psychological level of 470 yen per kg due to seasonal tight supply in major producing countries, was expected to provide the support.

On a weekly basis, the Malaysian Rubber Board's official physical seller price for tyre-grade SMR 20 fell 102 sen to 1,632 sen per kg from 1,734 sen per kg previously.
Latex in bulk rose 12.5 sen to 1092 sen per kg from 1,079.5 sen per kg last Friday.
The unofficial seller closing price for tyre-grade SMR 20 declined 99.5 sen to 1,628 sen per kg from 1,727.5 sen per kg last week, while latex in bulk increased 5.5 sen to 1,091.5 sen per kg from 1,086 sen per kg previously. – Bernama
(Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20110226114210/Article/index_html)